Is 62269, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 62269 has remained a Seller's Market.
Housing Prices in 62269, IL
How much do homes in 62269, IL cost?
Median Sold Price
$315,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 62269 was $315,000 in March 2024, up 4.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.2K | $92K | +36.8% |
2 Bedrooms | $125K | $135K | +8.0% |
3 Bedrooms | $220K | $245K | +11.4% |
4 Bedrooms | $332.5K | $365K | +9.8% |
5+ Bedrooms | $442.5K | $465.4K | +5.2% |
Summary: 62269 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 62269, IL
How many homes are available in 62269, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 147 | +24.6% |
Summary: The 62269 real estate market had 147 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 45 | 54 | +20.0% |
4 Bedrooms | 45 | 61 | +35.6% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 62269 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 51 | +121.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 62269 in March 2024, up by 121.7% month-over-month. Of the 51 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for 62269, IL
How long does it take to sell a home in 62269, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 39 Days | -16.0% |
Summary: Homes in 62269 had an average of 39 days on market in Mar 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in 62269; 47% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.